Stony Brook, N.Y. - Stony Brook Athletics announced and recognized its 2013-14 Endowed Scholarship donors and recipients during halftime of the men's basketball team's game vs. Hartford at Pritchard Gymnasium last Saturday.

Sixteen Stony Brook student-athletes were named scholarship recipients, and many of them were able to attend the event, meet their donors and engage with them during the game.

Endowments provide a permanent source of income whose invested interest is used to fund and support the mission of Stony Brook University Department of Athletics. Donors who provide a gift to fund an endowment become permanently linked with the Stony Brook Intercollegiate Athletic program and help support multiple generations of student-athletes.

Endowments are permanently invested by the Stony Brook Foundation, and a portion of the income generated by that investment is used for the purpose designated by the donor(s), such as athletic scholarships, supplemental salary support for coaches & administrators, specific programs, discretionary use, or other purposes. Another portion of the income is reinvested each year, enabling the endowment principal to grow, maintain its "spending power" against inflation, and provide a permanent stream of income over time. The principal is never spent and remains intact.

For those endowments that have a designated purpose, a committee annually reviews and ensures that the donor intent is being upheld and properly recognized. If you are interested in more information regarding endowments, please contact the Office of External Services at 631-632-6312.